Housing costs in Searchlight?
A typical home costs
$205,900, which is 39.1% less expensive than the national average of
$338,100 and 50.6% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Searchlight costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 34.3% cheaper than the state average of
$1,450.
Can I afford Searchlight?
To live comfortably in Searchlight, Nevada, a minimum annual income of
$39,600 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Searchlight?
Living in Searchlight, NV is relatively inexpensive compared to other parts of the country. The cost of living index is around 83, which means that it is 17% lower than the national average. The median home value in Searchlight is around $106,400, almost 50% lower than the national average. Likewise, housing prices are quite affordable with a median rent of about $742. Furthermore, utilities such as electricity and gas are much less expensive than the rest of the country. With such low costs of living, it's no surprise why so many people choose to live in this small Nevada town.